PROS (NYSE:PRO - Get Free Report) had its price target reduced by research analysts at Robert W. Baird from $30.00 to $27.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the software maker's stock. Robert W. Baird's price objective would suggest a potential upside of 64.01% from the stock's current price.
A number of other equities analysts have also weighed in on the stock. Needham & Company LLC restated a "buy" rating and set a $30.00 target price on shares of PROS in a research report on Friday, February 7th. Oppenheimer cut PROS from an "outperform" rating to a "market perform" rating in a report on Thursday, January 16th. Stifel Nicolaus increased their price objective on shares of PROS from $26.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, KeyCorp lifted their target price on PROS from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $31.63.
Get Our Latest Analysis on PRO
PROS Price Performance
Shares of NYSE:PRO traded down $0.07 during mid-day trading on Tuesday, reaching $16.46. 422,692 shares of the company traded hands, compared to its average volume of 513,139. The firm has a market cap of $786.83 million, a PE ratio of -37.41 and a beta of 1.04. PROS has a 52 week low of $14.81 and a 52 week high of $36.37. The company's 50 day moving average price is $22.14 and its 200-day moving average price is $21.93.
PROS (NYSE:PRO - Get Free Report) last released its earnings results on Thursday, February 6th. The software maker reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.15). On average, research analysts predict that PROS will post -0.2 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, CAO Scott William Cook sold 5,000 shares of the business's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $29.84, for a total transaction of $149,200.00. Following the sale, the chief accounting officer now owns 59,159 shares in the company, valued at approximately $1,765,304.56. The trade was a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC boosted its stake in shares of PROS by 153.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker's stock worth $34,000 after buying an additional 926 shares during the last quarter. Franklin Resources Inc. increased its holdings in PROS by 3.3% in the 4th quarter. Franklin Resources Inc. now owns 33,852 shares of the software maker's stock worth $743,000 after acquiring an additional 1,080 shares in the last quarter. Comerica Bank increased its stake in shares of PROS by 264.5% during the fourth quarter. Comerica Bank now owns 1,571 shares of the software maker's stock worth $34,000 after purchasing an additional 1,140 shares in the last quarter. Swiss National Bank raised its holdings in shares of PROS by 1.7% during the fourth quarter. Swiss National Bank now owns 78,900 shares of the software maker's stock valued at $1,733,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in PROS in the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 94.27% of the company's stock.
About PROS
(
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PROS Holdings, Inc provides software solutions that optimize the processes of selling and shopping in the digital economy in Europe, the Asia Pacific, the Middle East, Africa, and internationally. The company offers PROS Smart Configure Price Quote that improves sales productivity and accelerate deal velocity by automating common sales tasks; and PROS Smart Price Optimization and Management, which enables businesses to optimize, personalize, and harmonize pricing.
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